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2015-08-26

Amer Sports Oyj: Amer Sports announces new financial targets and a new accelerated glidepath toward 2020

Amer Sports Corporation

STOCK EXCHANGE RELEASE
August 26, 2015 at 1:00 p.m.

Amer Sports announces new financial targets and a new accelerated glidepath
toward 2020

Amer Sports Board of Directors has decided on new financial targets and a new
five-year glidepath toward 2020 with focus on accelerating profitable growth.

Amer Sports' new financial targets are:

* Net sales: At least EUR 3.5 billion with minimum mid-single digit organic,
currency-neutral annual growth
* Profit: Annual EBIT growth (excl. non-recurring items) ahead of net sales
growth
* Cash flow conversion: Free cash flow / net profit at least 80%
* Net debt / EBITDA: Year-end net debt / EBITDA ratio max 3x

The new glidepath consists of growing the core business and accelerating
disproportionally in five prioritized areas: Apparel and Footwear, US, China,
Business to Consumer (own retail and e-commerce), as well as digitally
connected devices and services.

Compared to the previous financial targets set in 2010, the new targets
emphasize accelerated growth, both organic and through acquisitions, and
continuously improving profitability. The new 80% cash flow target allows
the company to invest appropriately into growth, especially into Apparel and
Footwear which are working capital intensive. The net debt / EBITDA target is
unchanged.

Amer Sports President and CEOHeikki Takala
: "During our 2010-2015 strategic glidepath we returned the company to
profitable growth, building our sales from EUR 1.5 billion to approximately
EUR 2.5 billion. We have proven our Sustainable Growth Model, and we have now
a new accelerated glidepath for the next five years prioritizing five growth
areas where we see the highest growth potential and where we have built a
repeatable business model. We look forward to taking the company to the next
level."

Capital Markets Day August 27, 2015

Amer Sports organizes a Capital Markets Day in Helsinki tomorrow, August 27
starting at 9 am EET. In the event, the new financial targets and the
selected five growth areas are being presented in more detail. The
presentations can be followed as live webcast
viahttp://cloud.magneetto.com/amersports/2015_0827_CMD/angular.

For further information, please contact:

Päivi Antola, Director, Corporate Communications and IR
Tel. +358 20 7122 537

DISTRIBUTION

NASDAQ OMX Helsinki Oy
Main media
www.amersports.com

AMER SPORTS

Amer Sports (www.amersports.com) is a sporting goods company with
internationally recognized brands including Salomon, Wilson, Atomic,
Arc'teryx, Mavic, Suunto and Precor. The company's technically advanced
sports equipment, footwear and apparel improve performance and increase the
enjoyment of sports and outdoor activities. The Group's business is balanced
by its broad portfolio of sports and products and a presence in all major
markets. Amer Sports shares are listed on the Nasdaq Helsinki stock exchange
(AMEAS).

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Amer Sports Oyj via Globenewswire

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